Insider Selling: Return Energy Inc (RTN) Director Sells 590,000 Shares of Stock

Return Energy Inc (CVE:RTN) Director Bradley Blair Porter sold 590,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of C$0.07, for a total value of C$41,300.00.

Return Energy Inc (CVE:RTN) traded up C$0.01 on Friday, hitting C$0.08. The stock had a trading volume of 52,064 shares, compared to its average volume of 100,247. The stock has a market cap of $3.82, a price-to-earnings ratio of -1.60 and a beta of 1.97. Return Energy Inc has a 12-month low of C$0.07 and a 12-month high of C$0.18.

Return Energy (CVE:RTN) last issued its earnings results on Monday, November 27th. The company reported C($0.02) earnings per share for the quarter. Return Energy had a negative return on equity of 174.72% and a negative net margin of 219.65%.

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About Return Energy

Return Energy Inc engages in the exploration for, development, and production of petroleum and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in the producing oil and gas assets in the Rycroft, Valhalla, and Gordondale areas of northwest Alberta. It primarily owns and operates a 100% interest in the 17MMCF/d Rycroft gas plant and associated gathering system.

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